Gold prices surged 2.5% on Monday to above $3,370 per ounce, hitting their highest level in over three weeks as investors sought safety amid rising geopolitical and economic risks. A 0.7% decline in the dollar made the metal more appealing to foreign buyers, further fueling the rally. Market jitters intensified after US President Donald Trump announced plans to double tariffs on steel and aluminum imports to 50%, effective June 4, adding to existing trade tensions with China. Trump also accused Beijing of violating a recent tariff truce, while China countered with its own allegations, deepening uncertainty around global trade. Meanwhile, the Russia-Ukraine conflict escalated following a Ukrainian drone strike that reportedly destroyed over 40 Russian aircraft, prompting a wave of missile and drone attacks from Moscow. These developments come ahead of key US economic data, a European Central Bank meeting, and high-stakes US-China talks